Mikael Bratt Sells 8,974 Shares of Autoliv (NYSE:ALV) Stock

Autoliv, Inc. (NYSE:ALV) CEO Mikael Bratt sold 8,974 shares of the stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $123.51, for a total transaction of $1,108,378.74. Following the transaction, the chief executive officer directly owned 29,290 shares in the company, valued at approximately $3,617,607.90. The trade was a 23.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Autoliv Price Performance

Shares of NYSE ALV traded down $2.68 during trading on Wednesday, hitting $120.76. The company had a trading volume of 217,516 shares, compared to its average volume of 728,557. The firm has a market capitalization of $9.02 billion, a price-to-earnings ratio of 12.63, a price-to-earnings-growth ratio of 1.02 and a beta of 1.32. The stock has a fifty day simple moving average of $123.82 and a two-hundred day simple moving average of $121.94. The company has a quick ratio of 0.79, a current ratio of 1.05 and a debt-to-equity ratio of 0.67. Autoliv, Inc. has a fifty-two week low of $75.49 and a fifty-two week high of $130.14.

Autoliv (NYSE:ALV) last issued its quarterly earnings results on Friday, January 30th. The auto parts company reported $3.19 earnings per share for the quarter, beating analysts’ consensus estimates of $2.85 by $0.34. Autoliv had a net margin of 6.80% and a return on equity of 30.42%. During the same period last year, the firm posted $3.05 EPS. Autoliv’s quarterly revenue was up 7.7% on a year-over-year basis. On average, research analysts expect that Autoliv, Inc. will post 9.51 earnings per share for the current year.

Autoliv Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Wednesday, March 4th will be paid a $0.87 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.9%. Autoliv’s payout ratio is currently 36.40%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ALV. Wall Street Zen lowered Autoliv from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 31st. Wolfe Research set a $143.00 target price on shares of Autoliv in a research report on Monday, January 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Autoliv in a research note on Monday, December 29th. Robert W. Baird set a $132.00 price objective on shares of Autoliv in a research note on Monday, February 2nd. Finally, Wells Fargo & Company cut their price objective on shares of Autoliv from $129.00 to $125.00 and set an “equal weight” rating for the company in a report on Tuesday, December 9th. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.40.

Institutional Investors Weigh In On Autoliv

Hedge funds and other institutional investors have recently bought and sold shares of the company. Torren Management LLC acquired a new position in Autoliv in the 4th quarter valued at about $25,000. IFP Advisors Inc increased its holdings in shares of Autoliv by 110.3% during the 3rd quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock worth $25,000 after buying an additional 107 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of Autoliv by 863.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 212 shares of the auto parts company’s stock valued at $25,000 after buying an additional 190 shares during the period. True Wealth Design LLC lifted its holdings in Autoliv by 1,892.3% in the second quarter. True Wealth Design LLC now owns 259 shares of the auto parts company’s stock valued at $29,000 after acquiring an additional 246 shares during the last quarter. Finally, Root Financial Partners LLC acquired a new position in Autoliv in the third quarter valued at approximately $32,000. 69.57% of the stock is currently owned by institutional investors and hedge funds.

About Autoliv

Autoliv Inc (NYSE: ALV) is a leading global supplier of automotive safety systems, specializing in the design, development and manufacture of passive and active safety products. Its core product portfolio includes airbags, seatbelts, steering wheels, restraint control modules and pedestrian protection systems. In recent years, the company has also expanded into active safety technologies, offering radar, camera and sensor solutions that support advanced driver assistance systems (ADAS) and autonomous driving applications.

Founded in 1997 following the spin-off of Electrolux’s automotive safety business, Autoliv has evolved into a multinational organization with a presence in over 27 countries.